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The central bank has moved to form an asset management company to deal with the growing non-performing loans (NPLs) of banks, as part of its efforts to perk up the ailing sector.
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Banks are now offering double-digit interest rates for deposits in a desperate attempt to prop up their liquidity base amid high default
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Trade deficit squeezed by 8.42 percent in the first eight months of 2018-19 thanks to the steady growth of exports and a slowdown
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The country's loan classification rules, which were tightened in 2012 to comply with global standards, are set to be relaxed by the
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Private sector credit growth hit a 53-month low in February thanks to the ongoing liquidity crunch brought about by the rising default
